ONE thing without which you can’t be an Entrepreneur

There are many articles and videos sharing what are the signs that you can analyze within yourself – whether you are an employee type of person or you have the entrepreneurial bug.

However, even when people start their own business, they get the real flavour of entrepreneurship.

Some feel it’s too much and give up on their ‘dreams’ and get back to doing what they were anyway doing.

Whereas some people who start, keep at it and keep going until they make it.

You might be thinking this is because they have determination, mental capacity, the right attitude, the right mindset. Yes everything is true. All these are needed.

But that ONE thing which makes you stand out and makes you get what you want in life is – Courage.

“I am courageous”

“I fear nothing!”

This might be the first reaction of some of you.

This courage is the one which is required when –

  • All hope is gone
  • You don’t have money to even survive
  • You see challenges and roadblocks pouring in your business
  • You see people around you losing trust on you
  • No ideas work
  • ……………and the list goes on

If you have the appetite to ride through this wave of uncertainty, show and demonstrate your courage when needed, then yes you can be good entrepreneur.

Courage is something you can never learn. You can only feel and demonstrate.

Here’s a common thing and pattern that I learnt from the leaders I have spoken to and learnt from like Dan Lok, Dev Gadhvi, Ron Malhotra, Mark Metry, Jasvinder Sanghera just to name a few –

You choose the problems yourself that you want rather than life giving you the ones that you don’t want

When in entrepreneurship, this changes the entire game. When you are headstrong and you choose (most) of the problems that you want to deal with, then imagine how it’s going to be.

So all the different things like determination, clarity, consistency, smart work, etc. are definitely needed. But everything goes in vain without courage.

Would love to hear from you when are the moments in your entrepreneurial journey, you have demonstrated courage the most.

3 Questions to ask yourself if you are 1st time Entrepreneur

Few decades back the most popular words were “MBA”, “Engineer”, “Doctor”, “Govt. Service” and few more.

In the recent times it has taken an entirely new shape and the words that dominate and attract are “Entrepreneurs“, “Businessman”, “Businesswoman”, “Business Tycoons”.

How did this shift happen?

Let’s see a quick context before getting to the main 3 things that you must never forget!

People have been stressed and frustrated since a long time, no doubt about that. But in recent few years there has been a major shift in understanding, knowing and finding the solutions to problems.

We have started realizing that

  • Only degree is not giving us the life we want
  • With only academic education no one learnt how to earn money in various ways
  • With the changing times, there are changing demands which were not met with the existing solutions
  • With the advancement in technology, people who are not upgrading themselves in terms of their growth, it is becoming more difficult for them

…and lots more

Who are Entrepreneurs exactly?

This is important to understand at the beginning because, there are a majority of the people who think that Entrepreneurs are businessmen who make money.

Whereas – the real meaning of an Entrepreneur is someone who solves a problem.

This solution helps the society/world in some way or the other and they generate and earn money.

The more and bigger problems Entrepreneurs solve, the more they get paid.

Now, the question is – what problem you want to solve?

So here are the 3 main questions you must ask yourself if you are a first time Entrepreneur (or are thinking to become one)

  1. Why do you want to become an Entrepreneur?

This question is the most crucial and important one. Why? Because if you are thinking to become one just because your friend or your neighbour’s son is an Entrepreneur and it looks sexy to you, then you are signing up for the doom’s day!

Knowing exactly why you want to shift career and become an Entrepreneur is to know – what problem you want to solve? Why do you want to solve it? And What is your purpose in life?

2. Do you have the appetite and attitude for what you are signing up for?

If you think it’s all roses and lilies – you are dead. Ask yourself and know it for sure that –

  • Do you have risk-taking ability?
  • Can you get up and move forward even if you have lots of failures and setbacks?
  • Can you take extreme ownership, not blame the entire world and do what is needed to be done without wasting time?
  • How well can you handle and channelize your stress, anger and frustration?
  • How good are you with people? (It doesn’t matter whether you an an introvert or an extrovert)

When you genuinely have the answers to these questions, you will realize whether Entrepreneurship is for you or not.

3. How long and how far are you ready to push yourself on this path?

Unlike job, there’s no time limit when you will hit that mark where you can actually say “Yes! I’ve done it”.

For example, Amazon for around 20 years did not have profit. Whatever money they have, they put it back in the business in very simple terms for you to understand.

Now the thing is are you ready to go far and beyond and do whatever it takes to reach where you want to reach?

So be clear on this aspect at the beginning so that you don’t start cursing yourself and others around you and start blaming everything on luck!

Remember – Entrepreneurs create luck for themselves and others!

So, are you ready to take the plunge and start on this journey?

#life #intensifylife #intensifyhumanity #7ssbg #intensifiermentor #passionpreneurmentor #entrepreneur

How to start parallel streams of income?

This is a universal question which has crossed at least once in everyone’s mind.

When I was in a job, I hardly had any extra source of income. However, due to certain circumstances, I had to freelance for quite some time along with the job.

But then it was too time consuming for me at that point of time.

When you are looking to start parallel sources of income, few most important things (checklist) to keep in mind –

  • How much extra time you have to dedicate for your other source of work
  • How much adhoc work you can take on, if needed
  • How much mental capacity and stamina you have to consistently take on the pressure of more than one form of work
  • What kind of work you can take up along with my active income
  • What skills do you have to leverage that
  • How much are you aiming to earn through each source of income
  • Are you building the parallel income to leave your current source of income (most likely job) or doing it just to gain experience

So you need to keep these factors in mind and be clear on what you are embarking on.

Because passive income is not always passive because it takes time and effort.

Once you are clear on these then start by analyzing your skill sets, your strengths.

Look for the opportunities (most likely online) where you can exchange your skills for money. Some of the examples are –

  • Content creation
  • Social Media Strategist
  • Web development/maintenance
  • Copy-writing
  • Transcribing
  • Editing
  • Consulting
  • Coaching and mentoring
  • Publish a book
  • Speaking engagements

and lots more.

So be clear, analyze, eliminate what’s not needed, look for the opportunities and start you new source of income.

Intensify life to live the way you want!

Is entrepreneurship for me?

When you are on a roller coaster ride for sometime, you love it. You love the excitement, the thrill, the adventure.

But what if I tell you, you have to be on this ride for long enough than you can imagine – may be life time?

Will you still go for this ride?

This is what you need to ask yourself before embarking on the journey of entrepreneurship.

Most people see the ‘success‘ stories and the accomplishments of entrepreneurs.

But they fail to observe and understand what goes behind to reach that level of success.

As mentioned, it’s a roller coaster ride – not only full of adventure, thrill and excitement but also loneliness, sadness, extreme pressure, uncertainty, anxiety, depression, humiliation and lots of other emotions play the game.

But the only people who survive have these things in common:

  • They never ever give up
  • Their attitude is ‘everything is possible’
  • Their focus and concentration are intact
  • Even when they fall badly, they quickly bounce back
  • They look for challenges voluntarily
  • They derive the opportunities from the challenges
  • They look for the problems to solve them upfront
  • They are always ready to face their fear come what may
  • They show immense amount of courage
  • They don’t shy away from being vulnerable
  • They have high emotional intelligence (EQ) more than IQ
  • They burn their boat to move only forward
  • They take 100% responsibility
  • They look for serving people, animal, environment in some way or the other

If you find yourself having these traits and qualities, congratulations! You can become an entrepreneur.

There are many things to be learnt and implemented when you are starting your journey as an entrepreneur. Watch out for this space to learn more!

Meanwhile you can read my bestselling book 7 Steps From Shame To Being Back In The Game where I have also given a detailed explanation how I transitioned from my job to start my entrepreneurial journey.

Intensify humanity to intensify life!